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Professional's Critique

KDMurphy (KDMurphy)
Oct 30 2016 at 07:47
4 posts
I would love to learn from the best,
I welcome criticisms from the best,
Please share your experience and wealth of knowledge, that I may take notes and improve.


Patients, Discipline, Capital Preservation and Compounding
FxMasterGuru (FxMasterGuru)
Oct 31 2016 at 05:14
1607 posts
I suggest browsing ForexFactory.com and picking up some good books:

1. Market Wizards (by Jack Schwager)
2. The New Market Wizards (by Jack Schwager)
3. Reminiscences of a Stock Operator (by Edwin Lefèvre)
4. Trading in the Zone (by Mark Douglas)

Then get ready for your 10,000 hours of screen time.

Why 10,000 hours...? That is another book by Malcolm Gladwell: 'Outliers: The Story of Success'

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
RichardBills (RichardBills)
Nov 01 2016 at 14:41
74 posts
That's a solid start! Precise selection of books! I would add a number of technical and fundamental analysis portals and live trading events, including webinars to get you in good shape. 😄 You may find also here and on babypips useful tips.

togr (togr)
Nov 02 2016 at 07:48
4862 posts
KDMurphy posted:
I would love to learn from the best,
I welcome criticisms from the best,
Please share your experience and wealth of knowledge, that I may take notes and improve.



@KDMurphy
Hi,
for your account

I would say you have
+ impressive profit compared to DD
+ Account verified at reputable broker

- dont quite understand the trade sizing varying from 0.02 till 0.14 within the same period.
- it is quite fresh so lets see how it develops

BR

Tomas

KDMurphy (KDMurphy)
Nov 09 2016 at 07:41
4 posts
togr posted:
KDMurphy posted:
I would love to learn from the best,
I welcome criticisms from the best,
Please share your experience and wealth of knowledge, that I may take notes and improve.



@KDMurphy
Hi,
for your account

I would say you have
+ impressive profit compared to DD
+ Account verified at reputable broker

- dont quite understand the trade sizing varying from 0.02 till 0.14 within the same period.
- it is quite fresh so lets see how it develops

BR

Tomas


**Thinking that 'quote' this is the only way to reply specific to individuals?

Hi Tomas,

I'm still discovering preferences within my trading strategy,
The different volume would reflect my differing Pip expectations (e.g a more volatile currency pair = lower volume trade); calculated against my desired %account per trade to be risked,

In the case of differing volume within the same currency pair; traded at the same date and time of day, this would then be my experimenting with a lower time-frame trade (less pips expected, higher dollars per pip, increased volume),
I've found I tend to much less profitable when trading a lower time-frame, my preference is towards 15minute candlesticks,

Thanks for your relpy,
Kind Regards,
Kaleb Murphy

Patients, Discipline, Capital Preservation and Compounding
KDMurphy (KDMurphy)
Nov 09 2016 at 07:41
4 posts
RichardBills posted:
That's a solid start! Precise selection of books! I would add a number of technical and fundamental analysis portals and live trading events, including webinars to get you in good shape. 😄 You may find also here and on babypips useful tips.


Hi RichardBills,

Thanks for the guidance,
I've already come across 'babypips' and find it to be very useful,

Would you recommend any specific and reputable traders/organisations for events/webinars?

I'm open to the idea on your recommendation, however as a new trader, I think I may have difficulty finding reputable providers,

Thanks and Kind Regards,
Kaleb Murphy

Patients, Discipline, Capital Preservation and Compounding
KDMurphy (KDMurphy)
Nov 09 2016 at 07:42
4 posts
FxMasterGuru posted:
I suggest browsing ForexFactory.com and picking up some good books:

1. Market Wizards (by Jack Schwager)
2. The New Market Wizards (by Jack Schwager)
3. Reminiscences of a Stock Operator (by Edwin Lefèvre)
4. Trading in the Zone (by Mark Douglas)

Then get ready for your 10,000 hours of screen time.

Why 10,000 hours...? That is another book by Malcolm Gladwell: 'Outliers: The Story of Success'


Hi FxMasterGuru,

Thanks for your recommendations, I've heard good things about 'Market Wizards',
On your recommendation I'll purchase these and let you know how I go,

Thanks and Kind Regards,
Kaleb Murphy

Patients, Discipline, Capital Preservation and Compounding
RichardBills (RichardBills)
Nov 09 2016 at 13:46
74 posts
KDMurphy posted:
RichardBills posted:
That's a solid start! Precise selection of books! I would add a number of technical and fundamental analysis portals and live trading events, including webinars to get you in good shape. 😄 You may find also here and on babypips useful tips.


Hi RichardBills,

Thanks for the guidance,
I've already come across 'babypips' and find it to be very useful,

Would you recommend any specific and reputable traders/organisations for events/webinars?

I'm open to the idea on your recommendation, however as a new trader, I think I may have difficulty finding reputable providers,

Thanks and Kind Regards,
Kaleb Murphy


Hi Kaleb,
For webinars best would be to first check YouTube videos searching with keywords related to your preferred trading style. When it comes to organisations or professionals, I used to follow such at the beginning and remember it helped me but lost track of the recent ones. I know guys who attend live trading competitions, for example in France. I would recommend that you look for something locally in your city/country.
Good luck!

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